The MEPS Global Average all products
composite steel price increased, in 2018, by 16 percent,
year-on-year. Firm economic conditions and steel demand
growth supported the upturn in selling figures.
Escalating trade tensions are disrupting the
steel market dynamics and creating price disparities between
the different regions. US Section 232 tariffs started a raft
of retaliatory measures around the world. These created an
environment in which steel prices were pushed upwards in certaincountries and down in others.
In this family of reports, MEPS examines
price trends and steel market drivers. It also provides
forecasts of transaction values for both flat and long
products up to the year 2023. Analysis of the markets for
steelmaking raw materials is also included in each report.